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Organizational Communication: Product Lifecycle Management

Posted January 25, 2017 1:25 PM by SavvyExacta
Pathfinder Tags: communication PLM

As more forms of communication are added to our toolboxes it seems to be increasingly difficult to stay in the know about what's going on. Email, instant messages, spreadsheets, Intranet sites, calendars, collaborative software... How do you stay up to date?

Your organization's product or service offerings are one area where communication can be challenging. Are all the teams working toward the same goal, or is communication fragmented? Do you know what's on the roadmap this year or what changes were released last week?

Product lifecycle management software can help keep everyone organized and informed.

Image: Wikipedia

Documented benefits of product lifecycle management include:[from Wikipedia]

  • Reduced time to market
  • Increase full price sales
  • Improved product quality and reliability
  • Reduced prototyping costs
  • More accurate and timely request for quote generation
  • Ability to quickly identify potential sales opportunities and revenue contributions
  • Savings through the re-use of original data
  • A framework for product optimization
  • Reduced waste
  • Savings through the complete integration of engineering workflows
  • Documentation that can assist in proving compliance for RoHS or Title 21 CFR Part 11
  • Ability to provide contract manufacturers with access to a centralized product record
  • Seasonal fluctuation management
  • Improved forecasting to reduce material costs
  • Maximize supply chain collaboration

Ensuring that product lifecycle stakeholders throughout your organization can access the most accurate, up-to-date product information will benefit all aspects of both the product and the organization itself. But how do these stakeholders – from requirements definition through service and support – get product information in a timely way to begin informing critical decisions today?

Download a free eBook to:

  • Discover the Impact of today’s methods
  • Explore the Role of IoT in finding a solution
  • Learn how PTC Navigate can help
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